terms fire chief. he also runs emergency operational centers. we will speak to both the fire and the operations center activities. >> good morning, jammed tether storm. at this time we have treated seven patients, transported six. we have approximately 100 firefighters coveted to this incident. as chief patrick gannon said, this incident initially started somewhere around 9:20 a.m. at 928 the first resources are on scene. terms of a more heightened awareness the city's emergency operations center has been activated at level one and has been for well over two hours now. this city is standing tall and lean forward to deal with any associated issues that have been outside of the actual lax proper >> thank you. >> next coming here from the

chief of the los angeles police department to is involved in this from the operations as well, chief charlie beck. >> very briefly, i want to commend the men and women and their response in this incident. we have created a unified command with that different agencies involved. we will treat this incidence with the unified command. many, many details that you were interested in will must be given out at this point. we will thus become of the nature of injuries, the identity of the suspect, the investigation is being handled by the fbi with the cooperation of the los angeles police department. again, you know, tremendous unified response. i know that this region worries about its airport because of the complex issues involved with various jurisdictions. it was handled very well today. thank you.

>> obama one second the reader will next year from fbi special agent in charge, special agent the talk a little bit about the investigation. >> very well. >> david dot pitch, special agent in charge of the fbi. first of three working hand-in-hand with our partners to include the los angeles police department, the l.a. airport police in respect to this investigation. this investigation is ongoing. i will give you very few facts today. we're working with the u.s. attorney's office as well as our partners. will not talk about the victim's today. we still have people that we have to be in contact with in the meantime. we're going to bring -- >> officials in los angeles to be as the story that they know so far, and that is tha a loan rifleman carrying an assault rifle earlier today entered los angeles international airport right there that a passenger

screening area and opened fire killing at least one person, reportedly another tsa agent. as a another because the report is that the gunman was a former tsa agent. multiple victims, the gunman is apparently dead. cooper pit. speaking very candidly, there were multiple wounds and multiple injuries. as we watched thi terminal 3 d.h., all flights delayed of course which has a domino effects. major airports across the country, particularly jfk and laguardia. we looked at philadelphia. disruption of flights, anyone who ever flies up to lax, they are going to have major delays. flights in the year trying to land have been allowed, so incoming flights can land him about flights are not yet being allowed to take off.

a tsa officer, just a recap, reportedly killed, and at least one of the person wounded. the condition of the alleged perpetrator apparently not clear, although the los angeles times is reporting that he is dead. let's talk about the carriers. because we are business network, talking about ones that are most affected by this flight delays, southwest, u.s. airways, why and airlines bv is some word that spirit airlines is affected to diverge in america which has a hub there lax. we will bring you more details on this developing story as they become available. the second-largest u.s. energy company has been weighing the s&p 500 after it missed earnings expectations. the oil industry as a whole has been struggling with an oversupply in capacity issue. right now chevron down about $2.8 pennies. that is the one we picture. the biggest fall being today as

those numbers came out. let's check out the new ipos story of the day, of the week, the container store, tcs. after the ipo shares shot up some 102%. a stunning move for the company that is interested to organize gasol. i was able to catch up with the ceo asking him what he thought at the exact moment that the stock went public in shot right out. >> it was just unbelievable. i mean, my goodness. thirty-five. it was incredible. our 305th anniversary, so why not 35. what a start. liz: in just a few moments, he will take on the office of charlie gasparino. we will show you come again this office be organized? mine, too. we will be showing you that. surging after research note that boosted revenue and same source

-- same-store sales forecast. are things finally -- how many times to have to ask this question about j.c. penney. finally looking better? m not a believer, but the shorts on the stocks getting hammered. >> we have seen a significant pressure. this ceo continues to us about his company, talk about improving sales. some people and not ready to believe him. you know what, i cd believes them. they have seen improvement in five of the last seven weeks. the analysts listed the sales forecast and they say they're seeing the improving sales trend. with that they are now expecting that the losses will be less as sales will be down just four percentage rather than 6%. when they look at the sales. there is one word cut off.

the point of the story is that they are expecting better numbers than was originally planned. they are seeing some improvement . good news. liz: i will believe it when i really -- i huge cash flow problem. you and i talked about this. >> we have seen j.c. penney struggling verses other great department stores. sears came under pressure as well. we know it is not an easy business. they burned through the cash. and continue to say, hey, things are turning around. liz: on the floor, but we want to blast the stomach crack it open and get right to the floor show. traders with us in studio. founder and president of delphi management with more than a billion in assets under management. on will start with you. chomping at the bit to talk about of the market is pretty fully valued. regardless, we still see a move to the upside in the dow jones

industrials. let's spin it forward to next week. >> viagra that the market is pretty bad in value. we have been talking about it for weeks canadians. the fact is the line of weak resistance continues to be up and at some point even a broken clock will be right twice a day. if we keep calling for a full lack -- pullback eventually we will get it. the sell-offs that we have had have been relatively shallow. everyone in hindsight has been a buying opporunity. is hard to understand why the a board momentum continues, but clearly it does. i think the lines continued to be hired. what that means is anybody's guess. liz: you have talked about how the market is at least fairly valued. is it over but? >> from the standpoint of valuation it certainly is in that the russell 2000 and the russell 25 underselling over 21 times earnings. the s&p 500 is approximately a

17 multiple. the fed keeps printing money. they have averaged about $81,802,000,000,000 a month. that bad balance sheet up close to another trillion dollars year-over-year. liz: don't fight the tape obviously. >> the other thing is the interest rates are so low that there is really no other alternative. the money keeps driving stocks up. totally independent a really, what is go ellis corporate earnings in the real gdp of america. liz: reality verses with the fed has created as its reality. >> that hit the nail on the head. this is the fed induced rally and you cannot save that. he pull back the we have seen in the equimark is been a buying opportunity. it is no different until the fed actually changed their tone and you actually see a change in the buying policy. it is its own market with the fed than there.

liz: that is true, but you and i have talked for more than a year about how it is what it is. so it is exactly as we just stated. the best thing going is equities. >> equities is the logical choice. they have created an underlying bid for stocks. it is better than being in risks. for some people that is a viable alternative. for others they need more, need to get more juice out of the assets.

a couple of other drops in the price of crude. is this a $90 issue? we will start to rally again. that heating season drying up. a lot of the crude oil is starting to leave the market, getting processed and refined. we start to head up. this week coming up a little further down. after that up we go. liz: i am checking heating oil. resulted down just a couple of pennies. you have a great weekend if you can't read very much in full force since wednesday's fomc meeting commended these officials around about when the fed could possibly begin tapering. as you're watching each one of the speeches, peter barnes among the big word out of the "wall street journal" and john nelson

matthew always has that dixie cup with the string to what is going on is that possibly december. >> i think a split decision on that the fed did not give any hand. the announcement this past wednesday. the government shut down and the continuing fiscal battles in washington. the fed said that it continues to want to watch the data to make sure that the shutdown and the fiscal battles are not hurting the economy. one of our fed speakers today, president of the federal reserve bank of michigan who is an inflation hawk and opposes quantitative easing said that for him personally it looks like lever force conditions have improved significantly since the latest round of quantitative easing in september of last year. it sounds like you would support tapering as soon as the next

meeting, which is in december. but his colleague, james bullard, president of the st. louis for reserve said, the fed also wants reassurance that any progress made in labor markets will stake. they feel that in the past and the reduced quantitative easing they pulled the plug to send and at least the second round which helped to slow down economic growth. now, we did see one important indicator released today, the institute for supply management survey of manufacturers much fun factory activity actually was up slightly in october put -- a decline in part about a concern about the shutdown but it looks like it has not had the factory floor yet. we also saw that of a bit -- automobile sales were up nicely. so watch the data. and we are watching it. liz: we sure are.

in essence saying let's put a limit on bond purchases. i bet there are big battles behind the scenes. i wish we could be a fly on the wall. thank you for being a tiny little flight, a lafayette -- no, your more than that. [laughter] >> don't know my wings off. liz: i won't. one at a time. i was never that kid. he does that? terrible. closing bell ringing in 45 minutes. just about everyone loves container store products. we all get so committed. investors are adoring all that is the container store, at tcs. the stock on its first day of trading jumping. you cannot even believe how high because the company chairman and ceo cleans up are very anti the office is here at fox business. we throw the gauntlet down. also, as the ipo frenzy getting out of control? look at the container store

going nuts. twitter gets its moment. we will find out whether investors could be suffering from its directional exuberance over newly listed companies. ♪ when we made our commitment to the gulf, bp hadwo big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. oucommitment has never been stronger.

liz: we have some breaking news, and this is a big one, exclusive. it appears that charter communications which is moving higher by about 2% maybe weighing a bid for time warner cable. there has been a recent management change. longtime head of time warner cable retired, stepped down in great glory. the stock right now jumping about five and & dvr watching both of these closely. as i mentioned, charter is moving higher. now it has just lost -- pull on. i want to check this. if we can put it up, that would be awesome. okay. here it is, just about 2%. $2.94 to be a bold move if it does play out. charter may make a play for time warner cable. to behemoths. be watching it. we always hear schools and parents saying stay away from the colts. now we have a stock picker who it says stay away from colt stock.

so many better opportunities. we bring back scott black. making a big play possibly. >> we on comcast, directv, but it makes sense to give them scale for competition. time warner cable is a good operation. we don't own the stock. it is a reasonable expectation. they have planned out and jump once again. the announcement and the actual move. >> we tried to buy them when they're cheap, statistically.

>> does it shock that your's that he does not get into the 60 cult stocks? is very easy to get sucked in. less talk about what you categorize as one or two or three or four names. >> linkedin, many of these companies have no earnings or the infant multiples this is like revisiting detectable that we had in 1999 and 2000. if you remember, companies like dell and cisco sold over 100 times earnings. i don't have to refresh your memory. liz: gateway. gateway was hot. a lot of those names either merge or went away. you believe that these names on your screen either the four super hot stocks to just stay away from for now. and yet people said that a year ago, and it has jumped to the

moon. >> well, benjamin gramm, and he used to refer to this as the greater fool of investing. is because it goes up does not make a good business. it does not have real earnings and a reasonable valuation it makes the great cocktail chatter, but is not really a great investment. liz: let's go to something that is more substantial. the last time that you were here you had a couple of names. let's look at some of them. florida, for example. jumping 21%. how did you go about picking 40? >> we knew there would be a turn coming in the back webs of some of these construction companies. the one area that was week was mining. things like iron ore were doing poorly in brazil and australia. the stock was near its low. $16 per share in cash, with the other sectors of the business were picking up.

if united out the cash, well-run company. we still like it. of course, the backlog is rising. the earnings came in very nicely liz: your next bake. suspended forward. could your pencils or your ipad or your samsung's tablet. a name that you are looking at right now. >> it is one that we own. it is on route one to wait. when you live in massachusetts it was called out the industry. well burn. and basically they made microwave products for the reagan buildup in defense in the early 80's. add a big play, but now what it does is what is called mixed signal radiofrequency chips, the stock is around 26, two and a half dollars per share in cash with no debt. back up the cash and look at next year's earnings, that's over eight and a half times earnings. at the billion in cash, no debt.

return on equities is 20%. they are plugged into the apple and the samsung phone. 47 percent of the business is apple and the rest is samsung, but the rest of the business is growing faster than industrial and aerospace portions for radio frequency and mixed signal. liz: your next pick is waiting petroleum. now that is a name that is up 60 percent already. >> we have owned it since the day it went public. i had dinner with them. but the company continues to do very well. the bottom line is when we looked at bonanza creek, the nobles, selling at seven and eight times next year's discretionary cash flow. still selling. the production is still growing. liz: says it shot any of our viewers that he is so happy? congratulations. >> thank you. this was a miracle year.

liz: growing and always picking fascinating names that do well. thank you very much. >> thank you for having me. liz: any time. thirty-six minutes before the closing bell. investors are all atwitter. prices on november 6th. before then, have you seen the container store? those shares going public this morning, skyrocketing after the ipo. charlie gasparino will be here to tell us whether investors should contain their twitter excitement. stay tuned. ♪ ask me what it's like

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works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and virtually no referrals needed. there's a range of plans to choose from, too, and they all travel with you anywhere in the country. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. ♪ call today. remember, medicare supplement insurance helps cover some of what medicare doesn't pay. expenses that could really add up. these kinds of plans could save you in out-of-pocket medical costs. you'll be able to choose any doctor who accepts medicare patients. and there are virtually no referrals needed.

so don't wait. with all the good years ahead, look for the experience and commitment to go the distance with you. call now to request your free decision guide. this easy-to-understand guide will answer some of your questions and help you find the aarp medicare supplement plan that's right for you. ♪ liz: gearing up for what could be one of the biggest ipos of the years. that's next week. many of these names have done so well. charlie gasparino here with now what analysts as saying. >> reporter: this ipo market would have dried up, but it is not.

what you have there is the highest number ipo since 2007, year today. and the markets are bracing for a flood of ipos, but i will tell you this, the bankers might be full of it in that time to tell you stuff is oversubscribed and it is not really. oversubscribe the bankers, but not investors. i really think that twitter ipo was oversubscribed. >> you have investors going out there, more demand for it than supply. that is where they are. this is purely a function not of a great economy, so to speak, but the fact that you have a slope to meddling economy. you have potential for rising

interest rates next year when the fed tapers. would you have here is a window. twitter is in that window, and so are all these other ones. no one is quite sure when they will come to the market. one of our takers around here think they may come in 2014, but it may come early 2014. that is before the fed really begins to taper. we should point out that no one knows when it will start at reducing the bond buying. when you buy bonds prices go up the magistrates go down. that is out of bed prints money. liz: when you stop buying, they go up. >> that is with these companies. liz: november 6th, it would go nuts. >> facebook would have been a good ipo. and nasdaq malfunctioned.

megan -- maybe they might have been a little aggressive. they said they had isolde the level that they came and. the stock tanked for the next couple of months, and now is back up. liz: and then there are the linchpin of the world that feel that they are under promoted, too low. >> it is an art. i think -- liz: better to be too low than to high. >> facebook has expansion plans. twitter is interesting. they're taking the view that we don't want to look stupid. many market credibility. facebook is making money. twitter is not. you come in with a lousy idea sale and are not making money you can see the animal spirits which to a point where people start talking long-term. you don't want the bus to be, is twitter a viable enterprise? you want that this is a company that is losing money. they have a successful ipo because people believe in the future. liz: have you ever been into the

container store, 95 percent? >> and just as the about twitter. it was epic. it was all in good fun. do they sell containers? to. >> reporter: liz: you will not be shocked. it. >> is a tupperware? >> it is organizing. liz: look at this ipo up 96%. the company is 35 years old today. >> it is me. you heard me scream that out. closing bell. okay. to the container store.

no one is containing as shows today. so, doubling on its public new york stock exchange, can it really organize the toughest jobs? we put this ceo to the test by giving him my office and even worse, the office of charlie gasparino. and our own version of business orders. that is next. ♪ [ male announcer ] it is more than just a new car...

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up about three and 1/4 percent. charter communications shares looking very solid year. usually the potential acquirer, this is just word from reuters, we are watching the story and tell investors are reacting to what could be to behemoths' coming together. we have been telling you, of course, about airline delays all around the country due to the shootings at lax, l.a. international airport. they're having a major ripple effect at airports all along the northeast seaboard. the airline carriers most affected, southwest and the u.s. airway stock when airlines to miss. airlines command verge america. a news coming in and 30:00 a.m. pacific time that a gunman carrying an assault rifle shot a tsa agent at a passenger screening area. delays in not having an impact of the airline stocks, at least not yet. let's get to what has to be the

hottest trend in the day. the organizational power house, the container store if common shares in undoubling comment jumping 96%, pretty much the high of the session just before 1:00 p.m. investors rushed to take a bite and of the retailer's ipo. the container storage chairman, ceo, and founder what it felt like to watch the stock skyrocket from $18.8 all the way from this morning. >> it was just unbelievable. my goodness. thirty-five. it was incredible. our 305th anniversary, so why not 35. what a start. liz: that was pretty unbelievable. what do you think that really is the thing that is attributable to the fact this is the company had just about everybody knows

and what more can you say that would really jumped into the corrective mind not just of consumers, but the investor. >> we always say that our customers don't like the container store, the love it. it is our culture, our people, our -- yummy, the opposite of yankee common employee first culture. if you take better care of your employees than anyone else there really will take better care of the customer than anyone else. if those two people are ecstatic, you're a shareholder will be. they're looking pretty ecstatic today. liz: you have been named for more than a decade is one of the best companies to work for. clearly they pull the employees which is very much been a focus for you. let's spin it for to what happened today. the stock goes public. why launch an ipo now when you have been in the business 35 years so successfully? >> well, we really felt like

doing an ipo, becoming a public company was the next natural step for this organization, the best position for the autonomy of our culture which we continue to build, the autonomy of our great management team. as long as the company continues to do well that culture and those people and that management team can have the greatest autonomy to be all that we can be. we have very, very happy and happy with our wonderful start here today. liz: where on the globe do you want to invest and grow and that matters the most? >> with this 63 stores we have so much runway. we used to think we need to be in chicago, l.a., atlanta, dallas, indianapolis, kansas city, salt lake city, that size market just loves us. so it is less expensive to open. sales are close to the same as they are in the larger cities. it is great to be in retail.

liz: you could open a store inside the fox business building to organize it contained. it wanted to show you our offices. to be fair i picked my office so that we can see what it looks like. i am accused of by my assistant, being a candidate for orders. you can see that. we also wanted dead show you our star reporter, charlie gasparino look at this. >> we are up to the challenge. we can do it. we will be right there. i cannot stand it. i have to do something about that right away. liz: his office also has an interesting smell to it. they say a good reporter has a messy office. as we finish a, you have competitors out there, bed bath and beyond, crate and barrel,

walmart and target. have the you explain or be that number one choice over all those other choices? >> we are originated 35 years deal. we still lead and i the only retailer that focuses entirely on storage and organization. others have a little bit of storage and organization. the supermarket may have a few that mass merchants will have, but nobody really solves the solutions with 10,000 items, and in no way we are in a good position of having this particular category to ourselves. liz: thank you so much, and good luck to you. good luck when you enter charlies office to try and fix it. >> we are up to that challenge. it will be their sin. liz: even charlie saw the picture and was shocked. closing bell ringing 15 minutes. did these lines tell us anything about the popularity of the new

ipad that went on sale today? massive lines snaking around stores, around the globe, round box. plus, we finally found out what is on the mysterious floating barge. what is it? we will tell you after the break. ♪ tdd#: 1-800-345-2550 trading inspires your life.

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liz: it is just never enough, is it? every time something else new comes out you rush to buy it. it came out today, but they're getting ready to rain on apple's parade with the potentially much bigger launch next year. let's take apple first. how many times do we have to see this?

they really have it down. hundreds of thousands of people outside the stores all over the world. much wider and faster tablet went on sale for the first time in 42 countries. stores are reporting brisk sales. for a bit over. the veil of secrecy over the mysterious barges once in the san francisco bay and another off the coast of maine has been lifted. the tv station in san francisco is reporting that the barges and their containers are further irritation only advance. yes. a company very secretive. that is the development group. speculation is that they could before the launch of the new world will computers. the containers reportedly include three floors of showrooms and, of course, the party deck. you need that -- the beer-thing, and the refrigerator. >> terrier. liz: i learned that when i was

in silicon valley. according to the tv station, valuable and permission, personally directed by bill will co-founder, let's look at the stock. as been a winner on the year. and today, not so much. apple's shares on this day which, of course, big news fell earlier. still above the flat line, but none down about $2.36. the dow and the s&p squeaking out gains. let's check out some of the winners. it's nicole petallides on the floor of the new york stock keychains. >> reporter: you're absolutely right, including at gains, it is a win and is tacked onto a great month. let's take a look at the five names out of the 30 that have performed the best this week. you can see, it is a variety of types of companies. at&t up over 3%. you go from telecom straight

over the fast food, mcdonald's, industrials, energy, energy, looking great come up over 2 percent, and also pfizer up. you really are seeing gains across the board for a lot of these components. don't forget, this year has been a great year. at between 19 and 20%. the best of the bunch. keying off in a nice way. liz: november and december are traditionally very decent months. that helps the bottom line. we have that closing bell ringing in less than eight minutes. so as we just discussed, the dow and s&p are for the week. the nasdaq is ending the week lower. which nasdaq stock managed to sneak out of gain after the break. state kent. ♪ [ male announcer ] eligible for medicare?

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liz: as promised, let's look at nasdaq win es for the day and if you notice, charter communications chtr, is one of them jumping nearly 3% in the last hour. reuters reporting exclusively charter may make a bid for time warner cable before end of the year. time warner market cap, $35 billion. charters 14 billion. a minnow, not really a minnow at 14 billion, the smaller fish possibly swallowing the big whale. time warner cable moving higher by 3%, up $3.59, big spike as the news hit the tape. we got it right to you. berkshire hathaway numbers are

expected after the bell. david asman for "after the bell." david: nice way to begin the month. the situation in l.a., to keep you updated, seems to be all over, pretty much all over. we do see planes leaving lax. so that is a good thing. all the attention what was going on there. you're looking at live shots right now of lax. you see planes on the runway. more than that we've been able to see planes take off. it is movement. it will be a very slow. a lot of delays in lax. no delays at all at nyse where nicole petallides is standing by to give us the latest on very good trading day on wall street except if you were long oil. talk about the way the oil fell, it was over 2% a couple of times today, how that is affecting energy stocks, nicole. >> it is interesting because they're not always directly correlated. in this case you saw oil the commodity itself dropping almost 2% but energy stocks themselves were somewhat mixed.

exxon was slightly to the upside going into the close. chevron and conocophillips were pulling back. not as dramatic moves for the stocks themselves. liz: yesterday, aig comes out the numbers. today the stock responds, and falls into the red. pretty much the worst performer on the s&p. >> everybody had high hopes for the insurer. they came out with their numbers, down 6.5%. one thing we should note aig had good year, up 37% for the year, today at 48.26, not a good day at all for aig. david: why in the lord's name is jcpenney, why when they saw the jump in jcpenney when is going on? they couldn't find a reason for it. >> five of last seven weeks showed improved sales according to itg. as a result they raised what they're expecting for sales numbers, up from down 6% to down

4%. which is improvement. got a nice pop. still down year-to-date this company. liz: two places people often go to get pens, office depot, officemax, climbing into the green. >> right as we continue to move forward with the merger, both of these stocks, liz and dave, are looking great. both were up over 3% each. going into the close, office depot pulled back a tiny bit. up 2.%. officemax up almost 3 1/2%. you're seeing them jumping going into the closing bell. the biggest jump of all was container store. the ipo, you interviewed him earlier today, a great guy, i been to the store many times you about the stock really impressed wall street. ipo at 18. opens at 35. what a day. liz: up 101%. >> crazy, right. david: talk about a stock that has been beaten down relentlessly in 2013. hewlett-packard today, took off. why? >> when you look at some of these technology names you see

them turning around. [closing bell ringing] nasdaq going higher going into the close. david: bells ringing on wall street. what a positive day for a newmont in november. we see all green arrows. one, russell 2000 getting kicked around. small and mid-size caps, having a tough time. nasdaq managed to squeak out a positive day, just barely. dow and s&p firmly in the green. a good day for those indexes to start the month, please. >> brand newmont, what do we general motors gaining 16%. ford sales up 14%. chrysler saw a jump of 11%. ford and chrysler numbers slightly below forecast. david: u.s. manufacturing grew in the fastest pace in 2 1/2 years. institute for supply management report said